The USDA’s latest Weekly Export sales report showed corn net sales of 291,500 metric tons (MT) for 2013-2014 reported for July 11-17. This is down 49 percent from the previous week and 21 percent below the prior four-week average.
USDA's July World Agricultural Supply & Demand Estimates (WASDE) report kept the projected 2014 U.S. corn yield unchanged from last month at a record 165.3 BPA.
Northern corn leaf blight (NCLB) has been reported in numerous fields in Iowa. Most of the reports have come from central and western Iowa, but since the pathogen that causes this disease is spread by wind and rain, the disease could be more widespread.
Controlling large weeds: Do you feel lucky? (07/17/14)
Exports: Corn exports climb 58% (07/17/14)
Central Illinois Corn Processor Report (07/24/14)
Kentucky Daily Grain Elevators, Open Bids (07/24/14)
Kentucky Daily Barge Report (07/24/14)
Export Grain Bids (07/24/14)
CO/NE/WY Elevator Grain Bids (07/24/14)
Montana Cash Grain Prices (07/24/14)
South Carolina Closing Grain Bids (07/24/14)
North Carolina Grain (07/24/14)
Minneapolis, MN Daily Cash Grain Report (07/24/14)
Exports: Corn net sales (finally) climb (02/27/14)
Exports: Corn net sales plummet 46 percent (02/21/14)
USDA: Corn sales tumble 25% from last week (02/13/14)
WASDE: Corn prices to stay under $5 (02/10/14)
Export sales: Corn tumbles 16 percent (01/24/14)
USDA: Corn sales start 2014 steady (01/09/14)
Corn exports slowly creep higher (12/19/13)
$4.75 corn in 2014? USDA thinks so (12/10/13)
Afternoon Comments 07/24
Corn futures dipped on China talk Thursday. Corn futures followed soybeans higher Wednesday night and seemed likely to keep rising after the weekly Export Sales report stated the new-crop result far above expectations. However, rumors that China will insist that U.S. DDGs shipped to that country be certified free of an unapproved GMO trait apparently undercut the market. September corn settled 1.0 cent lower at $3.615/bushel late Thursday, while December sagged 1.25 cents to $3.695.